Apple reaches $1,000,000,000,000 value

Apple Park’ Apple’s new headquarters in Cupertino

Orlando Vargas
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02 August, 2018, 20:08

The Silicon Valley stalwart's stock has surged more than 50,000 percent since its 1980 initial public offering, dwarfing the S&P 500's approximately 2,000-percent increase during the same nearly four decades.

This meant that Apple shares had to reach $207.04 per share before breaking $1 trillion.

The price of Apple moved above $207.04 and in the process, took the market capitalization to $1 trillion.

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The creator of the ubiquitous iPhone is up more than 25 percent this year. In addition, that is, to shepherding a decade-long succession of iconic products that transformed Apple from a technological boutique to a cultural phenomenon and moneymaking machine. In recent years, the financial world considered Amazon and Apple to be in race toward the milestone.

The iPhone maker's market value reached the figure in late morning trading in NY as its shares rose to a new record high above $207. Jim Cramer, for example, recently argued that Apple shares could start approaching $300.

Cook's hiring may have been one of the best things Jobs did for Apple. "The worldwide pervasiveness is fractional versus Apple". The brand loyalty is nowhere near that of Apple.

"That's how I could explain how the stock should have a $300 target, not a $200 target..."

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